T.M.B

| Corporate communications| Advertising | Graphics design | Photography |

[Andrew Clare @andrewjclare]

Let’s see your best mobile photography 📸📱

[T.M.B @ItsTigo]

Happy 60th Independence Day Zambia.

[Lekau Sehoana @LekauSehoana]

8 Days in October: The Liquidation of DRIP.

[T.M.B @ItsTigo]

@ChrisExcel102

[World Athletics @WorldAthletics]

In control 💪

🇿🇲's @MuzalaSamukonga clocks 44.56 as he advances easily to the 400m semi-finals.

#Paris2024

[NoteS. @NoteSphere]

“The three Yoruba brothers” by @olaoluslawn has been sold at the biggest auction house in the UK for £31,750.

[Douglas Mun @douglasmun]

*Evolution of click farm fraud.*

1st generation click farm fraud, fully manual labour.

[Dingindaba Jonah Buyoya @BuyoyaJonah]

MOPANI COPPER MINES: WHERE ARE WE AND WHY ARE WE HERE?

For the past three years, Mopani Copper Mines (MCM) has faced only what we can describe as a challenging journey, struggling to stabilize production and maximize output amidst a changing economic landscape.

In 2021, the takeover of operations by ZCCM-IH from Glencore marked a very significant moment in the mine's history, promising a revitalization that could significantly impact Zambia's economy.

The transition began in 2020 when the COVID-19 pandemic sent shockwaves through local and international markets, including the copper industry. Mopani, like many other companies, grappled with low copper prices and financial constraints, leading to discussions of placing the mine under care and maintenance. This tough decision, often seen as a last resort, would temporarily halt production while ensuring the mine could resume operations in the future.

Recognizing the potential impact on over 15,000 jobs and the broader economic implications, the Zambian government, under Mines Minister Richard Musukwa, intervened. The decision was made to acquire the shares held by Glencore and FQM, totaling 90%, effectively making the government the sole owner of Mopani Copper Mines.

The acquisition in January 2021 was not a straightforward transaction of funds to Glencore but rather an agreement to assume Mopani's debts, negotiated down to $1.5 billion. This strategic move aimed to secure the future of the mine and its employees, ensuring stability amidst uncertain times.

However, the challenge persisted as ZCCM-IH, despite owning the mine, lacked the financial resources to manage the debt and effectively operate the mine. Under the PF government, a search for an equity partner started, with the former government exploring options globally. The PF government looked for a partner in Turkey, Canada, the United Kingdom, the United States of America, China, Qatar and South Africa. It didn’t exactly work out because they were later that year voted out of office.

The UPND came into office in 2021 and started the audit process for Mopani, and later looking for an equity partner.

An equity partner in a business is basically someone who invests money in the company in exchange for ownership shares or equity.

This means they become part owners of the business and share in its profits and https://t.co/wu5NJu53fF was the United Arab Emirates, through IRH, that emerged as the investor, committing $1.1 billion in exchange for a 51% stake in the mine.

Fast forward to today, President Hakainde Hichilema has officially handed over Mopani Copper Mines, marking a new chapter in its journey towards increased production and economic growth.

The impact of these challenges on Mopani Copper Mines and the Zambian economy has been significant. In 2022, the company posted a deeper financial loss of $298 million, coupled with reduced copper production levels of 72,694 tonnes compared to 87,618 tonnes in 2021.

Low copper production in Zambia tends to have adverse effects on the broader economy because mining is the mainstay of the economy.

The infusion of capital from the UAE investor presents a beacon of hope for Mopani's future. This capital injection is important for modernizing equipment, improving infrastructure, and optimizing operational efficiency. ZCCM-IH already projected a need for approximately $300 million to invest in expansion over the next three years. As such, this investment is expected to boost production and enhance economic performance.

Increased copper production at Mopani Copper Mines holds lots of potential benefits for Zambia. As a major export commodity, higher production levels will lead to increased government revenue through taxes and royalties. Moreover, it can positively impact the country's GDP, balance of payments, and attractiveness to foreign investors.

1/2

[Adobe Lightroom @Lightroom]

qrt with your february photo dump

[T.M.B @ItsTigo]

#NewProfilePic

[Traveler’s Diary @travelersdy]

Photographer Adrian Meredith climbed into a Royal Air Force Panavia Tornado twin-engine afterburning, variable-sweep multirole combat aircraft with a single mission to capture a supersonic Concorde at altitude, high over the Irish Sea. As expected, the interception was successful, and after expending much of her fuel, the Tornado rendezvoused with Concorde south of Ireland at over twice the speed of sound.
The Royal Air Force Fighter could only do so for a short time due to the enormous rate of fuel burn. Soon after joining the white delta winged SST airliner 5 miles above the ocean, the Tornado fighter jet was forced to break formation and head home, while Concorde effortlessly and gracefully cruised faster than words can be carried on to New York City.

[The Spectator Index @spectatorindex]

On this day in the year 2000, Nokia announced the release of its iconic 3310 phone, which ended up selling over 126 million units.

[derek guy @dieworkwear]

HOW TO TELL IF SHOES ARE WELL-MADE

One of these shoes costs $150. The other costs $1,285.

Can you tell which is which? 🧵

[Financial Insight @FinInsightZam]

Zambia Unveils Colossal 37kg Cluster of Emeralds

@m_ajohnson ✍️

“A massive cluster of #emeralds weighing 37,555-gram (187,775 carat) has been discovered in #Zambia, making it the largest such find in the country's HISTORY.

The cluster was found at the Kagem emerald mine, which is one of the largest emerald mines in the WORLD. It is estimated to be worth over $75 million.

The cluster is made up of over 2,000 individual emeralds, ranging in size from a few carats to over 100 carats. The emeralds are of exceptional quality, with a deep green color and few inclusions.

The cluster has been named the Kafubu Cluster, after the #KafubuRiver, which flows near the Kagem emerald mine. It is the largest emerald cluster ever found in Zambia and one of the largest in the world.

The Kafubu Cluster is expected to attract a lot of interest from collectors and jewelers around the world. It will be auctioned by #Gemfields on November 17, 2023, in #London, #England.

The discovery of the Kafubu Cluster is a major coup for Zambia, which is already a major producer of emeralds. It is also a sign of the health of the emerald mining industry in Zambia.

The emerald mining industry in Zambia is worth billions of dollars per year and employs thousands of people. The discovery of the Kafubu Cluster is a major boost for the #industry and is likely to attract more #investment in the future.

The Kafubu Cluster is a truly remarkable find and is a testament to the beauty and rarity of emeralds. It is sure to be a major attraction for collectors and jewelers around the world. https://t.co/Wc8yGl0TP6

Here are some additional details about the Kafubu Cluster:

1. It is named after the Kafubu River, which flows near the Kagem emerald mine.
2. It is the largest emerald cluster ever found in Zambia.
3. It is one of the largest emerald clusters in the world.
4. It is made up of over 2,000 individual emeralds.
5. The emeralds are of exceptional quality, with a deep green colour and few inclusions.
6. It is estimated to be worth over $75 million.

AFRICA’s Minerals Potential are LIMITLESS

Zambia 🇿🇲 is an #AfCFTA member country”

#UnitedUnderAfCFTA

[Nthanda Manduwi @NthandaManduwi]

Small strides count too, as long as you are constantly moving forward. ❣️

[Pompi @ThePompi]

They who wait upon the lord shall renew their strength. They shall mount up with wings like eagles.
Isaiah  40:31

[𝑶𝒕𝒔𝒊𝒍𝒆 𝑲 @OtsileJK]

Last year Toyota showcased an all-electric Hilux single-cab concept bakkie. Do you think it has the potential of being viable solution for the some businesses or are hybridised diesel powertrains better solutions?

[Sizwe SikaMusi @SizweLo]

Japan has 17 million unemployed university graduates in their 30s and 40s, living with their parents and facing certain old-age poverty. How did this happen?

[Bloomberg Africa @BloombergAfrica]

First Quantum starts production at what is set to turn into Africa’s biggest nickel mine, furthering Zambia’s aim of becoming a key supplier of battery metals https://t.co/WS0aAjwdAO

[Africa Facts Zone @AfricaFactsZone]

Roberto Carlos says Jay Jay Okocha is the best African Player he has ever played against.